Mueller Water Products (MWA)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,314,700 | 1,275,700 | 1,247,400 | 1,111,000 | 964,100 |
| Total assets | US$ in thousands | 1,635,900 | 1,505,000 | 1,498,100 | 1,518,000 | 1,395,000 |
| Total asset turnover | 0.80 | 0.85 | 0.83 | 0.73 | 0.69 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,314,700K ÷ $1,635,900K
= 0.80
The total asset turnover ratio for Mueller Water Products demonstrates a positive trend over the period from September 30, 2020, through September 30, 2024. Specifically, the ratio increased from 0.69 in 2020 to 0.73 in 2021, indicating a modest improvement in the company's efficiency in utilizing its total assets to generate sales. This upward movement continues into 2022, with the ratio climbing to 0.83, suggesting a more significant enhancement in asset utilization. The ratio maintained a high level in 2023 at 0.85, reflecting continued efficiency and possibly an optimization of asset management. In 2024, the ratio slightly declined to 0.80, but remained above the levels observed in 2020 and 2021. Overall, the trend of increasing total asset turnover over the analyzed period indicates that Mueller Water Products has progressively improved its operational efficiency in generating sales from its asset base, with a slight moderation in 2024.
Peer comparison
Sep 30, 2024